The European Union is the biggest market in the world with 500 million inhabitants and a gross domnestic product that is higher then the one of the United States.
The European Unions market is highly unregulated and free.
The opening of the american market to duty free goods from europe would increase the wealth of the american people by decreasing the prices and increasing the variety of goods.
At the same time the possibility of duty exports to a huge market like the EU would increase the exports of the USA and decrease the unemployement rate.
As Economical Theories show bigger markets and an increased trade improve wealth.
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